During the past couple of month, the crypto market has been going through two major phases. The first phase, that took place during December 2017, was a strong uptrend amongst most coins, substantial growth, and almost a non-stop rise. The second phase, that took place During January 2017, was a consolidation phase, where most coins have been correcting down...
10:34 am - AUD/USD 1HOUR CURRENTLY SITTING ON 50ema AND RANGING IN A 'BULLISH' FLAG PATTERN. ENTER LONG UPON BREAK OF CHANNEL. Daily 123 Gr4d candlestix . 1st Target Gr4d the close above '2' right now looking for confirmation on 1hr & 4hr timeframe for a Cgr4d within the Flag/Channel.
in my opinion once $DELT hits its overbought signals it is due for a reversal
sitting close to the resistance and most likely will not break it and fall back to low 4's
TCT and Advanced Pattern Traders have an opptunity setting up.
Hi guys, Here we have a bullish BAT PATTERN on the Aussie-Canadian Dollar coming in at around 0.9270. This is a long-term trade so I'll be making sure I take into account my position size in order to manage my risk effectively. The reason why I love BAT patterns is that they give such good risk-reward which is obviously key to trading successfully. Stops will as...
Hi guys, I thought I would share a pattern I am most fond of, the BAT pattern . I admire this setup because it mainly follows the overall trend and takes into account major support and resistance levels. As a strong believer in economics and harmonics, I believe this pattern gives 2 things which most traders strive for: 1) Good risk-to-reward and 2) Good win...
Hi Guys, This is a bearish CYPHER pattern @ 157.64 and stop loss will be placed above the X leg which we use as good resistance in this case. TARGETS ON THIS TRADE WILL BE DIFFERENT TO USUAL AS I VIEW THIS AS A DOWN-TRENDING PAIR, THEREFORE TARGETS WILL BE AT SUPPORT/RESISTANCE LEVELS. IF/WHEN first targets are met, half of the position would be closed for...
Hi Guys, This is a bearish GARTLEY Pattern completing at 3.4500 but I will be front-running my orders to make sure I get filled on this trade. The EURTRY has been in an uptrend for a long time now but it hit a level of resistance in back-to-back months late last year. I am expecting that the same level of resistance will hold making for a good sell trade for...
Hi Guys, This is a bearish CYPHER pattern @ 74.10 and stop loss will be placed above the X leg which is used as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even,...
Hi guys, I actually studied the Gartley pattern from a book named "Trade What You See" by Pesavento. It uses the Gartley pattern in conjunction with the famous AB=CD pattern giving us a nice trading range maybe to "dollar-cost-average" into a trade, reducing overall risk. Back to the trade idea, it is a bearish GARTLEY pattern @ 1.1600 in which i would have a...
Hi guys, Here, I am looking for a reversal. The market was in a nice bullish move but this double top has now occurred. There is already a break at the bottom of the double top so I am now looking for a pullback at the 61.8 retracement level to give myself that extra bit of confirmation. I will have a sell limit in place at that level. This trade is known as the...
Hi Guys, This is a bearish CYPHER pattern @ 1.2870 and stop loss will be placed above the X leg which is used as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even,...
Hi Guys, This is a CYPHER Pattern according to my trade plan. I like this particular setup because the 'X' leg is coming from a strong point of resistance which means I can have a more aggressive approach by keeping my stop loss pretty tight above the resistance area. This is a bearish CYPHER pattern @ 1.4835 and stop loss will be placed above the X leg which...
Hi Guys, This is a weird looking CYPHER Pattern but still a valid one according to my trade plan. I didn't spot it till about an hour ago and saw that the market did not violate the X leg but actually bounced off of it so we know that the support level is pretty strong and therefore we can buy. The Risk to Reward ratio for these trades are much better but hardly...
Hi guys, I actually studied the Gartley pattern from a book named "Trade What You See" by Pesavento. It uses the Gartley pattern in conjunction with the famous AB=CD pattern giving us a nice trading range maybe to "dollar-cost-average" into a trade, reducing overall risk. Back to the trade idea, it is a bearish GARTLEY pattern @ 0.9595 in which i would have a...
Hi guys, I thought I would share a pattern I am most fond of, the BAT pattern . I admire this setup because it mainly follows the overall trend and takes into account major support and resistance levels. As a strong believer in economics and harmonics, I believe this pattern gives 2 things which most traders strive for: 1) Good risk-to-reward and 2) Good win...
Hi guys, I thought I would share a pattern I am most fond of, the BAT pattern . I admire this setup because it mainly follows the overall trend and takes into account major support and resistance levels. As a strong believer in economics and harmonics, I believe this pattern gives 2 things which most traders strive for: 1) Good risk-to-reward and 2) Good win...